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20121129
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NBC
Nov 24, 2012 5:30pm PST
. >>> this evening as you might imagine, the obama administration is closely monitoring the situation in egypt. volatility there could have an effect on the entire region. nbc's mike viqueira is at the white house tonight. mike, what are you hearing from there? >> reporter: good evening to you, kate. just three days ago officials here reacted with positive emotions between morsi. and the role he brokered between the cease-fire in israel and hamas. some saw and some still see a way to leverage morsi's influence with hamas into jump-starting a middle east peace process that was all but dead. morsi's move to extend authoritarian rule by undercutting the courts complicated matters for the u.s. which still sends roughly $1 billion in aid each year to egypt. in the wake of the power grab u.s. officials issued a cautious statement of concern and a call for calm and there is a lot at stake for morsi and his muslim brotherhood as well, there's billions of dollars in imf funds, most important to the u.s. is continued stability in egypt, that peace treaty some three decades old between israel and egypt,
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